Tuesday, May 30, 2006

 

Cash Strapped Investing

In the Christian Science Monitor last month was an article on investment options for those of us who don't have a lot of money available for investing. One of the items mentioned is simply opening an interest-bearing savings account or buying a treasury bond because these options don't require a huge outlay of cash. Once the money in the account builds up, use it to buy stocks.

If you are using an online broker, look for a broker that doesn't have maintenance fees so that your fees don't eat up your initial gains. And here is something I didn't know: some companies like Home Depot will let you purchase stock directly from them and bypass the broker.

An option for mutual funds is to invest in a fund that will allow you to bypass investment minimums if you are able to agree to automatic monthly investments.

Here is the full article: Christian Science Monitor

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